How To Put The Economy Into A Coma - Chris Edmond & Steve Hamilton
The Joe Walker Podcast
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The Role of Fiscal Policy in the Downturn
There's going to be a large reduction, and probably it would be normal for that large reduction because of that direct shutdown to spill over to many other kinds of economic activity. So by some accounts, roughly another million people, so another little bit less than 10% of the labor force in occupations are expected to lose their jobs. That is a lot of economic activity that is potentially disrupted. The role of policy is as keeping the loss in economic activity to the minimum, right, to kind of like mitigating the downturn as much as possible.
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